“How much will you pay me?” – Salaries & the related fall outs
For recruiters it is not surprising to hear a question like that from their candidates. One day I called a prospective candidate & confirmed with him the customary thing of whether it was a good time to speak to him. When he said “Yes”, I began to outline the job offer we had. I had barely completed the introduction of the company & he cut me out with his question. It was straight & simple. “How much will you pay me?”
Of course some others may ask the same thing differently. “May I know what’s the salary package you are offering?” Irrespective of which way they ask, the fact remains that there is a chunk of crowd out there which keep salary as the number one criteria to make a shift from their present jobs.
A few days back I met a candidate, who is an undergraduate. The candidate hailed from Kolkata. “What is your pay expectation?” I asked. “Well I have a high pay expectation this time.” I nodded. “I am expecting Rs 12000 per month”. I nodded again & made a note of it in her resume. Apart from being an undergraduate, this candidate had only 4 months experience & had been unemployed for about 4 months now.
Bangalore is truly, absolutely the place to be in case you want a job & a well paying one at that. Another way of substantiating this is to look under the preferred location field of a candidate’s resume that are updated on the job portals. You are sure to find candidates outside Bangalore having Bangalore mentioned there along with Hyderabad & may be a list of International locations. If one thought that it was only the IT or the ITES industries that draw people from across the country then think again. People from Admin, HR, Finance, Sales & Marketing & various other backgrounds are all flocking to Bangalore. It wasn’t like this a few years back. But then in a fast changing world a year is a long time isn’t it?
The latest cover story of Outlook newsweekly is about why Bangaloreans don’t like the IT culture. It’s a good read & does capture all the views about why the IT & the ITES industry is changing everything in Bangalore both its tangibles & the intangibles. Strangely missing I thought was a perspective from someone from the industry defending the IT industry. A view like that would have been in order as well.
No doubt that the IT & the ITES industries are changing Bangalore & that Bangalore will never get back to being the way it used to be a few years back. But imagine what one would be doing today if the IT & the ITES industries didn’t exist. It’s hard to imagine. I remember my cousins post their graduation getting into jobs behind the counter helping customers choose from spectacles to clothes. The elders would have to pull strings & get their kids good jobs. Compare that to today’s situation. Kids are grabbed off from their graduate colleges with 6 figure salaries (today’s Economic Times has a story on the front page). There is culture, language & lifestyle on one side & there is money on the other. It’s pretty clear who is winning right now.
It’s the money that is winning & attracting a lot of people from outside Bangalore & Karnataka. Walk down any of the popular places in Bangalore these days be it the Malls, the shopping streets like MG Road or Commercial Street, one can sense the mix of people from across India. Like it or not this is a fact that we Bangaloreans have to live with & I don’t see it as much of a problem. An interesting question to ask here is how much the people from outside Bangalore like Bangalore & like working here. The colleague I work with constantly points out that given an opportunity she will rush back to Chennai (where she is from). Clearly Bangalore is attracting people & people come here to make their careers & realize their dreams. Like the Outlook article says “…Bangalore is fast becoming, or has already become, another Mumbai”